Tag: Adani Group

Adani Group Takes Over Guwahati Int'l Airport For 50 Years
Amid Protests, Adani Group Takes Over Guwahati Int'l Airport For 50 Years

Adani Guwahati International Airport Ltd (AGIAL) today took over operations, management and development of AAI's Guwahati airport through PPP mode for a lease period of 50 years

Adani Group to withdraw defamation cases against 'The Wire'

Ahmedabad: The Adani Group is set to withdraw all defamation suits filed against news portal thewire.in and its editors in an Ahmedabad court for articles against its companies, highly placed sources said on Wednesday. Adani Power Maharashtra Limited had filed two suits against the web portal, while Group firm Adani Petronet Port Dahej Limited had […]

'Fani': Adanis, ICICI Bank commit Rs 35 cr to Odisha

Bhubaneswar: To bolster Odisha’s efforts in rebuilding and restoration post-cyclone Fani, Adani Ports and ICICI Bank have donated a total of Rs 35 crore to the Chief Minister’s Relief Fund (CMRF). While the Adani Group has committed Rs 25 crore, ICICI Bank has donated Rs 10 crore to support the people affected by the extremely […]

Jaypee Infra buyout race picks up with Adani, NBCC bids

New Delhi: As the May 6 deadline approaches to resolve the Jaypee Infratech Ltd (JIL) insolvency case, the battle to acquire the debt-laden company has become more intense with NBCC submitting a fresh bid on April 24 and the Adani Group also entering the fray. According to sources, the Committee of Creditors (CoC) has asked […]

Ind Inc promoters forced to draw loans by pledging their holdings

Mumbai: The stress in corporate India seems to be more deep seated than what is coming out from earnings numbers. A large number of India Inc promoters has been forced to draw loans by pledging their holdings in the company and keep their entities afloat. The top of the list is the Adani Group where […]

Adani Group to invest Rs 70,000 crore over next 20 years

Vijayawada: The Adani Group will support the development of the digital and energy infrastructure in Andhra Pradesh by investing over Rs 70, 000 crore, over the next 20 years which is expected to create over 100,000 direct and indirect jobs. The Government of Andhra Pradesh on Wednesday signed an MoU with the integrated infrastructure conglomerate […]

CM Naveen inaugurates phase-II expansion of Dhamra port

Bhadrak: Chief Minister Naveen Patnaik today inaugurated the second phase expansion of Dhamra port which will expand its cargo handling capacity four-fold to over 100 million tonnes (mt) from the existing 25 mt. Gautam Adani, chairman of Adani Group which is the parent body of the Adani Ports and Special Economic Zone Ltd (APSEZ), the […]

Adani's $3.5bn debt-funded 'investment' in Australia at risk

New Delhi: The Adani Group’s entire A$3.5 billion (Rs 178 billion) debt-funded ‘investment’ in Australia is gravely at risk, the US-based Institute for Energy Economics and Financial Analysis (IEEFA) said on Monday. In a new report it details how Adani’s Abbot Point Coal Terminal has excessive financial leverage, negative shareholders equity and runs the risk […]

Sachin- Pro Kabadi
Tendulkar, Adani among owners of four new PKL franchises

New Delhi: Cricketing legend Sachin Tendulkar is among the new owners of the four new VIVO Pro Kabaddi League (PKL) teams that will participate in the fifth season of the tournament, to be played from July to October. Sachin will team up with serial entrepreneur N. Prasad as the co-owner of the Tamil Nadu-based franchise […]

Adani to invest Rs 5,000 crore in Odisha

Bhubaneswar: Noting that Odisha with its long coastline and natural resources has become the single most important state in Eastern India for the company, Adani Group chairman Goutam Adani today said they have plans to invest Rs 5,000 crore in the state. “Our overall investment plans in Odisha stand at over Rs 12,000 crore and we […]

FM, top industry honchos to attend Make in Odisha Conclave

Bhubaneswar: Finance Minister Arun Jaitley and top industrialists Aditya Birla Group Chairman Kumar Mangalam Birla and Adani Group chief Gautam Adani will be among key participants in the ‘Make in Odisha’ Conclave due to start on November 30 here. Besides, SBI Chairman Arundhati Bhattacharya, Larsen & Toubro Chairman A M Naik, ITC COO Sanjiv Puri, […]

8 Chinese nationals served 'Leave India' notice by Odisha

Odisha government today issued "Leave India" notices to eight Chinese nationals who were working on an expansion project of the Adani Group-controlled Dhamra Port Company Limited in Bhadrak district of the state, a government official said

Adani, Walsh to co-chair Australia-India CEO Forum

Melbourne: Adani group chairman Gautum Adani and Australian mining giant Rio Tinto's CEO Sam Walsh have been appointed as the co-chair of the Australia-India CEO Forum.

Modi-backer Adani Group acquires Dhamra Port

Adani Ports has agreed to acquire Dhamra Port in Odisha from Tata Steel and L&T Infrastructure Development Projects (L&T IDPL) for about Rs 5,500 crore